Thanks to the sponsorship of Sure Valley and Pires Investments (PIRI) we are expanding the number and quality of speakers and are able to offer up more fun and games at ShareStock this year - as you can see HERE. In this episode I chat to Brian Kinane and Alex Thompson of Sure Valley about the role of Google in the AI boom. Enjoy.
Shares in RiverFort Global Opportunities (RGO) have recently slipped to 0.85p to buy, though it also has announced a dividend per share of 0.038p which was paid last week
I am, after all, an expert on divorces and failed marriages. But this one failed even before the two made it to the altar, as Pires Investments (PIRI) shareholders rejected an all share merger with TERN (TERN). I salute them. I look at why this deal failed, the logic behind it for Tern (TERN), viz an escape, the logic for Pires - arguably the right strategy but the wrong target - and where both go from here. I make Pires an offer it should accept, if it is to consider any more M&A activity.
AIM-listed jam-tomorrow IoT investment company Tern plc (TERN) has announced a recommended all-share deal to take over AM-listed Pires Investments (PIRI). The fanfare numbers are that Pires investors are getting a 54% premium to the previous closing price, with Tern’s shares priced at 15.5p, but that seems to me to be a spoof. One wonders why Pires' board took the deal…..
In January last year we banked a 16 months, 50% gain on RiverFort Global Opportunities (RGO) at 1.20p per share. The shares went on further, to exceed 2p so that sell was premature but you never go bust banking profits! However, despite a successful development of the strategy, the shares are back below our prior sell price. Therefore, there now looks attractive potential again here. Buy again at a 1.1p offer.
Shares in RiverFort Global Opportunities (RGO) have been rising strongly following a latest quarterly update and are now 1.20p to sell…
I start with Tesla (TSLA) and a mad broker target. I discuss why it is mad and look back to ARM in the year 2000. Then it is onto plans to allow companies to delay results even more. Mentioned en passant here are Pires Holdings (PIRI) and Inspirit (INSP). Finally I turn to the idea of allowing folks to delay filing tax returns and paying tax.
One of these days, folks are going to wake up and realise that it was all a dream, that prices they were paying for shares in some small caps in these early days of January 2021 were plain bonkers. You may think you know better but some of us old fools have seen it all before.
In today’s podcast I look at Powerhouse Energy (PHE), Supply@ME Capital (SYME), Pires Investments (PIRI) and Chris Akers, MyHealthChecked (MHC), Inspirit (INSP), Octagonal (OCT), and Remote Monitored Systems (RMS).
It is not quite in the league of that from Scancell (SCLP) but sub scale investment tidder Pires Investments (PIRI) is also clambering aboard the Covid bandwagon.
It is kind of sweet. The love big David Lenigas has for his fellow share ramper Chris Akers. Today it is Pires Investments (PIRI) where the dynamic duo are at play. the UK's top rampers of AIM listed dross are at it again.
Peterhouse is the broker, Chris Akers is on board, Dave Lenigas is too and now there is a paid for interview over at ShareTalk. It is almost the perfect cocktail. So what is the collective noun for a group of share rampers> A bluster? A promote? A festering turd? The stock here is Pires Investments (PIRI) and Big Dave has twitter diarrhoea.
On Saturday in my main stage AIM rogues presentation David Lenigas and Chris Akers both featured prominently. Big Dave is a shareholder in Pires Investments (PIRI) a stock that was my tip of the year but where I suggested banking gains as it now trade way above fair value. Chris Akers has today announced that he has taken his stake from 3.1% to 6.1% and Lenigas almost wet himself with excitement as he tried to tweet the news out asap, as you can see below. Caveat emptor:
Pires Investments (PIRI) was our tip of the year at a 2.3p offer on 27 December 2019. Today it has announced it is raising up to £1.65 million at 2p. The shares are 3.5p bid! Why the premium in the market when many of those taking part will be spivvy share flippers? Simple, uber ramper Chris Akers has taken one third of the placing.
this was our share tip of the year at a 2.3p offer on 27 December, the shares are now 2.85p bid so that is a 24% gain already. But we still see material upside. so here is that original share tip in full...
There are numerous reasons NOT to own shares in sub scale and underperforming Paternoster Resources (PRS) as I explained at the weekend HERE. But there is a different way of looking at this piece of investment crap.
Booted off the AIM Casino in March for failing to do an RTO on time, Amanda Van Dyke's Glenwick (GWIK) is nothing if consistent: it keeps missing deadlines. Cash is almost certainly zero, or near as damn it, by now but how about an update? So far no news is bad news for this related party infested failed ramp.
Continuing my look at the many investment companies on AIM I turn to Pires Investments (PIRI) to look at the costs involved and the oddity of these companies investing solely in listed companies.
The floor wiping will start at 6PM tonight at Free Speech & Liberty Pizza - all welcome. I refect on the joy of writing about or investing in real companies with profits, cashflows and assets and lament the popularity of stocks which are nothing like that on the AIM Casino. I look at Armstrong Ventures now run by my old pal Peter Redmond and Pires Investments - also a POS. Then at Jiasen, Falanx (statement needed chaps), Afren, Mosman Oil & Gas and Touchstone Gold.
I feel like a drowned rat as it is tipping it down here in Greece and I have done some manual labour today. Back to business, in today's podcast I look at Quindell, Rightster ( make sure you listen to the overnight special on that one HERE), Plethora, Aeorema, Kea, Petropavlovsk, Mosman Oil and Gas and do a special on Pires Investments.
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